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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K -- Ignore unavailable to you. Want to Upgrade?

To: TEDennis who wrote (2288)5/15/1998 3:20:00 PM
From: Janice Shell  Respond to of 7491
 
Limited liability for CSHK. Let's say they create 10 subsidiaries. Eight have successful products, two go bust. All, of course, are owned by CSHK (or Waltech or whatever, who knows at this point?). So the two failures don't slop over into the other "companies". CSHK will of course lose on the failures, but at least the successes won't be touched.



To: TEDennis who wrote (2288)5/15/1998 3:21:00 PM
From: jhild  Read Replies (1) | Respond to of 7491
 
Well TED, this could be a way to get more CSHK shares into the market. Note that the convertible preferred shares can be converted directly into CSHK common 45 days after issuance. I am not a lawyer by any means, but maybe this would be a way of getting shares out of the CSHK authorized, but unissued, and into the market without making any filings.

Any SEC lawyers out there that would like to comment?


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